- After a marked rise in coronavirus cases, authorities in the Philippines have placed Cebu city back under enhanced community quarantine (ECQ), from the more relaxed general community quarantine (GCQ) and retained quarantine restrictions in metropolitan Manila for another two weeks starting from June 16. Despite some regions having been put under lockdown again after a flare-up in coronavirus cases, a local converter mentioned that the leading polyolefins producer in the Philippines has increased local PE prices for the second time in a week. Towards the end of last week, SSESSMENTS.COM was informed that the producer adjusted up offers for HDPE Film and LLDPE Film C4 between PHP3,000-4,000/ton ($59-78/ton) as compared to last Tuesday's level, available between PHP56,000-57,000/ton ($1,100-1,120/ton) on cash, FD Philippines basis and including 12% VAT.
- Whereas in Vietnam, a local converter revealed to SSESSMENTS.COM that within the past couple of weeks, the company has yet to receive fresh import offers for LLDPE Film C4 from US and Middle Eastern suppliers. As informed, the converter is still holding onto sufficient stocks to cover up monthly production, after securing sufficient volume in the past few months; thus, not in a hurry to make fresh procurement yet. Besides, sales from the company’s end remain sluggish during the month. In the past few months, the converter managed to secure some lots for US LLDPE Film C4 at $758/ton on LC at sight, CIF Vietnam Main Port basis, but did not disclose the exact date.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 41.02 | August Settlement | -0.03 |
| NYMEX | 38.49 | August Settlement | -0.23 |
| Naphtha | 359 | CFR Japan | No Changes |
| Ethylene | 848-854 | CFR NEA | 9 to 11 |
| Ethylene | 787-795 | CFR SEA | No Changes |
| Propylene | 778-784 | CFR China | -4 to -6 |
| Propylene | 737-745 | FOB Korea | No Changes |
HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,300,000-13,600,000 | 797-815 |
| Malaysia | MYR | 3,580* | 821 |
| Philippines | PHP | 56,000-57,000 | 982-1,000 |
| Thailand | THB | 29,500-31,500 | 891-951 |
Description: *Offers on 30 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | MYR | 4,110*-4,250* | 943-975 |
| Thailand | THB | 34,000-35,000 | 1,027-1,057 |
Description: *Offers on 30 days credit term
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,450,000 | 806 |
| Malaysia | MYR | 4,000 | 918 |
| Philippines | PHP | 56,000-57,000 | 982-1,000 |
| Thailand | THB | 29,500-31,500 | 891-951 |
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 830-890 |
| Southeast Asia | HDPE Film | 870-930 |
| Middle East | LDPE Film | 880-950 |
| Southeast Asia | LDPE Film | 910-970 |
| Middle East | LLDPE Film C4 | 810-870 |
| Southeast Asia | LLDPE Film C4 | 860-920 |
Tags: Asia Pacific,Daily,English,PE,SEA
Published on June 29, 2020 12:16 PM (GMT+8)
Last Updated on June 29, 2020 12:16 PM (GMT+8)
